Building Capacity For Private Sector Development...Building Capacity For Private Sector Development...

Building Capacity For Private Sector Development

Building Capacity For Private Sector Development - FAPA 2014 Building Capacity For Private Sector Development - FAPA 2014Building Capacity For Private Sector Development - FAPA 2014

Inclusive growth matters

“Yes. We have been talking about Africa rising. In my own view, it must rise for all Africans. Everything is not about measuring GDP growth, but how well people are doing. So everybody must feel that we are in the same boat. The best is for all to do well.”

Dr. Donald KaberukaPresident, African Development Bank

FORWARDFOREWORD

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Building Capacity For Private Sector Development - FAPA 2014 Building Capacity For Private Sector Development - FAPA 2014

I am pleased to present the 2014 Annual Report of the Fund for African Private Sector Assistance (FAPA). The results achieved are an illustration of the Bank’s multidimensional and multisectoral approach in promoting private sector-led inclusive and gradual transition to green growth. Small and medium enterprises (SMEs), through support from FAPA, have benefitted from financial support, training, coaching and mentoring and have been integrated in national and global value chains.

I would like to take this opportunity to commend the steady engagement of FAPA donors: the Governments of Japan and Austria, which partnership has significantly contributed to the deve-lopment of the private sector in Africa. SMEs are growth anchors in private sector development and special attention will be accorded to them in the Private Sector Department Business Plan (2015-2017). I want to sincerely thank all our partners for the achievements so far and look forward to strengthening our partnership to transform a continental ambition into reality.

Kodeidja Diallo Director – Private Sector Operations Department

The African Development Bank

I am delighted with the progress of the Fund for African Private Sector Assistance (FAPA) since its inception in 2006. FAPA now plays a key role in supporting the implementation of the Bank’s Ten Year Strategy (2013- 2022) and the Private Sector Development Strategy (2013–2017). The results presented in this 2014 Annual Report demonstrate how FAPA is deepening the development impact and quality of growth from the Bank’s operations by achie-ving more inclusive growth, leading to poverty reduction, and in transitioning to green growth, spurring African’s transformation through innovation, job creation and economic development.

I am pleased and grateful that development partners have been steadfast in supporting FAPA. The Bank acknowledges the generous contributions of the Governments of Japan and Austria. Their continued support will help FAPA consolidate past achievements and more importantly, strengthen its role in promoting a vibrant private sector in Africa.

Solomon Asamoah Vice President

Infrastructure, Private Sector and Regional Integration The African Development Bank

PERFACE

PREFACE

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Building Capacity For Private Sector Development - FAPA 2014Building Capacity For Private Sector Development - FAPA 2014

1 - INTRODUCTION

2 - FAPA – AN IMPLEMENTATION INSTRUMENT OF THE BANK’S PRIVATE SECTOR DEVELOPMENT STRATEGY

2.1 Eligible Activities2.2 Operational Modalities and Areas of Special Emphasis

3 - 2014 WORK PROGRAM

3.1 2014 Work Program Summary3.2 Examples of 2014 Activities3.3 New Projects Approved in 2014

4 - FINANCIAL AND PORTFOLIO SUMMARY

4.1 Financial Summary4.2 Portfolio Summary

5 - RESULTS OF COMPLETED PROJECTS

5.1 Results – Private Sector Development 5.2 Results – Gradual Transition to Green Growth and Contribution to Inclusive Growth

6 - 2015 WORK PROGRAM

6.1 2015 Work Program Summary6.2 Project Pipeline as of end of December 2014

7 . CONCLUSION AND WAY FORWARD

ANNEX I: PROJECT PORTFOLIO AT END 2014

TABLE OF CONTENTS

List of AbbreviationsAFDB

AS

BDS

CDM

COMESA

CPT

FAPA

GDP

IT

LIC

MSMEs

OC

OPSD

PCR

PEN

PIDA

PPP

PSD

RMCs

SMEs

TA

TOR

TRC

African Development Bank

Advisory Services

Business Development Services

Clean Development Mechanism

Common Market for Eastern and Southern Africa

Cable Propelled Transit

Fund for African Private Sector Assistance

Gross Domestic Product

Information Technology

Low Income Country

Micro, Small and Medium Enterprises

Oversight Committee

Operations Private Sector Department

Project Completion Report

Preliminary Evaluation Note

Program for Infrastructure Development in Africa

Public Private Partnership

Private Sector Development

Regional Members Countries

Small and Medium Enterprises

Technical Assistance

Terms of Reference

Technical Review Committee

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Introduction

The Fund for African Private Sector Assis-tance (FAPA) is an important tool for sup-porting the implementation of the Bank’s Private Sector Development (PSD) Strate-gy; through the provision of Technical As-sistance (TA) to complement the Bank’s financing operations. FAPA-supported projects leverage the Bank’s public and private sector operations to, among others, enhance the business enabling environ-ment, strengthen SME value chains, im-prove access to finance, mobilize private sector investment in infrastructure and faci-litate regional integration and trade. Since 2006, the FAPA portfolio has grown to 52 projects amounting to USD 43.8 Million This growth signals the increasing impor-tance of TA for private sector development.

Against the background of the approval of the Bank’s PSD Strategy in 2013, with its core objectives of inclusive and gra-dual transition to green growth, the 2014 financial year represented a transition for FAPA, as it prepared to effectively respond to the increasing demand for technical as-

sistance. In 2014, FAPA placed emphasis on ensuring that its instruments, human resources and procedures support the management of a growing portfolio as well as the origination of a growing number of projects per year. Key measures included the ongoing development of a portfolio management and results reporting plat-form and increasing the human resources dedicated to FAPA-funded activities.

The Annual Report comprises seven chapters. The first two chapters capture the context of FAPA-supported opera-tions in line with the 2013 PSD Strategy. Chapter 3 highlights activities undertaken within the 2014 work program. Chapter 4 presents the year-end financial and port-folio summary. Chapter 5 presents key achievements and results from completed projects. The report illustrates the man-ner in which FAPA technical assistance projects can contribute to inclusive and green growth. Chapter 6 sets forth the work program for 2015, and chapter 7 pro-vides a conclusion and the way forward.

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FAPA - An implementation instrument of the Bank’s Private Sector Development Strategy

STRATEGIC PILLARS

Pillar I: Investment and business climate

Pillar II: Access to social and economic infrastructure

Pillar III: Enterprise development

EXPECTED OUTCOMES

An enabling business climate supporting investment and the development of socially responsive enterprises

Increased access to social and economic infrastructure

A diverse, dynamic, entrepreneurial innovative and broad-based enter-prise sector producing goods and services for domestic and foreign consumption

VISIONA competitive private sector, which will play a significant role as an engine of sustainable

economic growth and poverty reduction in Africa, in the next decade and beyond

OUTPUTSPrivate sector development capacities to support Regional Member Countries achieve

more inclusive and environmentally sustainable economic growth, improved access to social and economic infrastructure, and enhanced competitiveness of the private

sector across Africa.

OBJECTIVETo contribute to sustainable development and poverty reduction in Africa by promoting

broad-based economic growth, employment and inclusive development through effective private sector development.

MAJOR ACTIVITIES

Support for enabling policy, legislative and regulatory environment (“soft infrastructure”)for private sector development

Assistance to regional member countries to address known and targetable “hard“ infrastructure constraints to private sector deve-lopment, particularly in transport and energy. Select activities in skills improvement and education.

Assistance to countries to address specific enterprise-level challen-ges to private sector development, including skills shortages, dif-ficulties in accessing finance, lack of scale, value chain gaps and weakness.

The purpose of FAPA is to support the implementation of the Bank’s evolving private sec-tor development strategy. Figure 1 below presents the overall framework of the Bank’s 2013 -2017 PSD Strategy.

Figure 1: Framework of the 2013 PSD Strategy

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2.1 Eligible Activities

KEY INS-TRUMENTS

• Program-based operations

• Technical assistance and capacity building

• Economic and sector work

• Project loans and grants

• Policy dialogue and advisory services • Donor coordination

• Program-based operations • Technical assistance and capacity building• Economic and sector work• Project loans and grants• Policy dialogue and advisory services • Donor coordination

• Direct financing assis-tance : long-term debt, equity, guarantees, loan syndications, and underwriting• Advisory services• Technical assistance and capacity building

Figure 2: FAPA project cycle

Technical Assistance Request

Approved by the Technical Review

Committee and Oversight Committee up to 1

million. Board approval above 1 million

Grant Agreement

Signing Ceremony

Project Implementation

Preliminary EvaluationNote

Approved by private sector

Management Team

Project Concept

In line with the evolution of the Bank’s PSD Strategy, FAPA’s operational modalities have evolved over the last 10 years.

Its operational modalities have been en-larged, from one-off and self-contained institutional support interventions to more programmatic interventions following an inte-grated and value chain approach.

In terms of operational approach, efforts have been made to diversify the organiza-tional units originating and managing FAPA supported operations beyond the host de-partment (OPSD), in line with the PSD Strate-gy’s emphasis on mainstreaming PSD across the Bank’s operations using a “One-Bank ap-proach.”

This “One-Bank approach” has also sought to operationalize the PSD Strategy’s empha-sis on inclusive and green growth objectives of Bank operations (public and private).

In accordance with the PSD Strategy pillars, core activities were identified to contribute to the realization of inclusive and transitio to green growth:

2.2 Operational modalities and areas of special emphasis

FAPA provides untied grants for technical as-sistance and capacity building to African go-vernments, regional economic communities and similar intergovernmental organizations, business associations, market regulatory ins-titutions, business development services pro-viders, business training and research institu-tions, and public and private enterprises. The resources may also be used to promote inno-vative programs that specifically support small and medium enterprises including the pro-vision of seed money for start-ups, business incubators, etc.

To be eligible for FAPA support a project should

have a demonstrable and measurable impact on private sector development and be aligned with the country strategy and Bank’s strategy for the country.

All requests for assistance are reviewed by a Technical Review Committee, comprised of representatives of various departments of the Bank, and approved by the Oversight Com-mittee, composed of FAPA donors. The Over-sight Committee is responsible for the general policy direction and governance of FAPA and the final approval of technical assistance re-quests up to USD 1 million. The project cycle is presented in Figure 2 below:

Figure 3: Integrated TA approach to inclusive private sector development

Policy based operationns

Sector/ Institutional support/Loan

TA - Non financial support to private sector stakeholders

Private sectoroperations

Private sector departement

Public Sector departements

Non-banka-ble,supported

through PSD TA and advisory

Services

TA

FOR

PSD

TA

FOR

PSD

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FAPA-funded TA can be attached to a public or private sector operation to strengthen its inclusiveness and mainstream private sector development, as illustrated in figure 3 below.

• Advisory services for PSD (Public/Pri-vate dialogue, support to PSD business organizations etc.).

• The promotion of local enterprises and SME competitiveness through among others developing business linkage pro-grams and facilitating access to finance and to markets.

• Financial inclusion through supporting microfinance institutions, mobile banking and the development of financial in-frastructure.

• Skills development matching companies labor needs in a given sector (financial sector, manufacturing, mining, infrastruc-ture, agro-industry, transport) with labor supply development and youth employ-ment.

• Facilitation of access to services (e.g. energy, water, sanitation etc).

• Entrepreneurship development with an emphasis on support to women-owned businesses.• Seed capital financing.


Figure 4: Deploying TA and advisory services (AS) at country level

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2014 Work Program

Project Identifica-tion and Preparation

Preparation of FAPA operations

A minimum of 10 ongoing grants supervised once per annum

12 projects were supervisedSupervision/monitoring

Knowledge sharing

Presentation of FAPA to other Bank sector departments

5 workshops organized (3 in Tunis, 1 in Zimbabwe, 1 in Burkina Faso)

Organize launching and capacity building workshops for grant recipients on Bank’s procurement and disbursement rules

A minimum of 3 launch workshops organized

3 capacity building launch workshops organized

Portfolio Manage-ment

3 grant signing :In Nairobi, Kenya (Support to African Seed Companies) and in Accra, Ghana (SME Business Linkage Program), In Mahe, Seychelles (MSME Development Program)

Events 3 Grant SigningCommuni-cation

10 prospects brought into the pipeline

11 new projects presented for approval

10 projects were added to the pipeline

11 projects were pre-sented to the Oversight Committee 7 projects ap-proved 4 projects werepending donor approval at year end

Activities Deliverables/indicators Achievements/Comments

3.1 2014 Work Program Summary

The activities undertaken in the 2014 work program are summarised in the table below. Out of 11 pipeline projects, 7 were approved and 4 were pending donors’ approval as of end of December 2014.

To enhance visibility, activities included the grant signing ceremony of two projects, in Kenya and Ghana (see Box 1 and Box 2) and a launch of one project in Zambia.

A FAPA-funded TA can make the link between legal and policy reforms (enabling environment) and the private sector operators (private compa-nies, private sector organizations and stakehol-ders) to ensure that the private sector operators benefit from the reforms envisaged by the bu-siness enabling reform.

It can also strengthen the inclusiveness of a pri-vate sector operation by either supporting ena-

bling business environment reforms in the sector of the private company to increase the competi-tiveness of the sector, develop a business linkage program or develop the technical, management and entrepreneurial skills needed in the sector.

Finally, FAPA-funded TA can be deployed in a country at Macro, Meso or Micro level to support inclusive private sector development as demons-trated in Figure 4 below.

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PSD assessment, Identification and design of an inclusive TA & AS

program at country strategy and public sector operation levels

Enabling environment: Govern-ment agencies in charge of PSD,

SME development, youth employment entrepreneurship

and infrastructure

Identification and design of a PSD ena-bling environment TA & AS projects

Identification and design of inclusive TA & AS project linked to a private

sector operation

Sector support and PSD players: Chambers of Commerce, SME

associations, business associations, financial institutions, infrastructure

Private sector sponsors and value chain stakeholders


3.2 Examples of 2014 Activities

The African Development Bank (AfDB) on Wed-nesday, November 26, 2014 signed a USD 1 mil-lion FAPA grant agreement with Invest in Africa (IIA) to support a three-year Business Linkage Program in Ghana.

The FAPA grant will mainly be used to upgrade Ghanaian SMEs skills, governance and opera-tions, enabling them to be effectively integrated into the value chains of multinational corporations as suppliers and be eligible for financing from partnering banks. It is envisaged that the Ghana business linkage program will increase econo-mic activity and development of trade through in-creased demand for locally produced goods and services, translating into additional income and employment generation

FAPA provides support to Ghana SMEs

Main results expected by December 2017: 120 SMEs trained in entrepreneurship and 120 draft business plans developed; 10 BDS pro-viders trained; 80 business diagnostic reports conducted; 80 loan applications forwarded to

banks; 70 SMEs having accessed finance; 15 training sessions in management conducted; 50 SMEs coached and mentored; 45 SMEs adopting new production technology; and 50 new business linkages developed.

Box 1

The African Development Bank (AfDB), on No-vember 14th, 2014, signed in Nairobi a FAPA grant agreement with the Alliance for a Green Revolution in Africa (AGRA) to finance technical assistance to support African seed companies which are supported by AGRA through the Pro-gram for Africa’s Seed Systems (PASS). The USD 1 million technical assistance project will help beneficiary seed companies increase their pro-duction of quality seeds for rural farmers.

Through this initiative, 54 seed companies will benefit from business development services, field visits, secondment of leading seed indus-try experts, in-service training and technical knowledge sharing. The ultimate goal is to

FAPA Assistance a boost to African farmers

Box 2

increase food security, and to contribute to the reduction of poverty levels; impacting on millions of rural people. The project will be implemented

in eleven countries: Burkina Faso, Ghana, Liberia, Mali, Mozambique, Niger, Rwanda, Senegal,Sierra Leone, Tanzania, and Uganda.

A total of eleven projects were presented to the donors in 2014, seven projects were ap-proved and four were pending approval as at end of December 2014.

3.3 New Projects Approved in 2014

Africlear(Regional)

To Provide seed capital injection into Africlear Global Limited to support the modernisation of cen-tral securities depository infrastruc-ture in African securities markets.

$400,000 12 May

Support to African Seed Companies(Regional)

Capacity building of at least 54 seed companies in Burkina Faso, Ghana, Mali, Rwanda, Mozam-bique, Tanzania, Sierra Leone, Senegal, Niger, Liberia and Ugan-da to enable them to produce qua-lity staple crop seeds for African rural farmers.

$1,000,000 26 Aug

Ghana SME Business Linkage Program(Ghana)

Capacity building of Ghanaian SMEs, enabling them to be effectively integrated into the value chains of multinational corporations as suppliers and be eligible for financing from partnering banks.

$1,000,000 26 Aug

Seychelles MSME Development Project(Seychelles)

Enhance growth of MSMEs in Sey-chelles through promotion of entre-preneurship and access to finance through institutional support of the two main MSME support agencies and facilitate the formulation of a Seychelles MSME Development Strategy.

$1,000,000 26 Aug

Microfinance Training Course for Policy and Development(Regional)

To contribute to improving regula-tory frameworks and management of the microfinance industry in the COMESA region through training of key policy makers and stakeholders.

$250,000 17 Nov

Building Climate Resilience in the Limpopo Basin Project(Mozambique)

To foster private investment in wa-ter infrastructure and promote SME development in the agricultural value chains in the lower Limpopo river basin.

$941,274 17 Nov

Name Objective Amount in

USDApproval date

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Below are the projects presented to the OC in 2014 but are pending approval as at end of 2014.

To encourage, identify, finance and support creation of businesses for 200 young entrepreneurs based on income generation bridging regio-nal and social disparities and sus-tainability

Support for Entrepreneurship Development(Cote d’Ivoire)

$947,625 16 Dec

Support to the Afri-can Regional Eco-nomic Communi-ties and Countries for the promotion of Intra- Regional and Intra African Investments and Trade (Regional)

Sonibank(Niger)

Access Bank Liberia(Liberia)

The Kara and Lome market reconstruction and traders support project. (Togo)

(i) study the scale, trends, composition and im-pediments to Intra Africa Investment (IAI); (ii) identify priority sectors with strong potential for intra-African investments and trade; and (iii) re-ports on the recommendations to two selected regional economic communities in implementing their Regional Investment Policy Frameworks (le-gal and regulatory changes) to better promote intra-regional and African investments and trade.

To strengthen the operational capabilities of the financial institution. This will include support to corporate governance, strengthening financial and risks management systems, management information systems (MIS), environmental and Social Management Systems (ESMS) and human resources.

To support private sector development in Liberia through sustaining and broadening access to fi-nance for MSMEs and deepening Liberian finan-cial systems, through new product development.

To contribute to revitalizing and modernizing the women market traders in Lome and Kara markets following the fires that destroyed the markets. The specific objectives are to: (i) improve the tra-ders’ management capabilities so as to directly impact on the profitability and resilience of their businesses; (ii) improve on the business support services received by the traders; and (iii) promote job creation, especially for the youth.

Pending Approval- Submitted

2nd October

Pending approval

Submitted 2nd

October

Pending approval

Submitted 5th

December

Pending approval

Submitted 2nd

October

4Financial and Portfolio Summary

FAPA received two contributions during 2014, both from Japan in the amount of USD 7,205,708. Seven projects were approved, totaling USD 5,538,899. Total net disbursement for projects was USD 1,854,101. The table below presents the donors’ contributions towar-ds the fund.

4.1 Financial Summary

The year-end financial position is summarized as follows.

Disbursements

Cumulative Disbursement on Projects

.....as % of Net Project Commitments

Resources (in USD)

Donor Contributions

…..Plus Earned Interest & Investment Income

…..Less Approved Administrative Expenses

Total Resources for ProjectsLess Project Commitments

Funds Available for Commitment

57,759,425

1,848,822

(3,486,752)

56,121,49543,852,235

12,269,260

20,807,198

47%

Donor Amount

Japan $ 44,465,708

Austria $ 2,648,047

AfDB $ 10,645,670

76.98%

4.58%

18.43%

Percentage

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Porfolio Distribution by Strategic Pillar

EntrepriseDevelopment

58.5 %

BusinessClimate

4.6%Hard & Soft

Infrastructure36.9

The portfolio distribution is diverse. MSME and support to the financial sector represent nearly 70% of project commitments:4.2 Portfolio Summary

Approvals and Disbursements during 2014 totaled USD 5.5 million and USD 1.85 million respectively:

Annual Activity

Disbursements Approvals

2014

2012

2010

2008

2006

$0 $2.500.000 $5.000.000 $7.00.000 $10.00.000

As of end of 2014 the value of approved projects (net of cancellations) was USD 43.9 million. Cumulative net disbursement totaled USD 20.8 million.

Breakdown of Cummulative Porfolio

Total Disbursements Outstanding Commitments

$50

$38

$25

$13

$0

2006 2008 2010 2012 2014

North

Pan - African

East

West10.5%

33.4%

South7.5%

Central6.4%

21.7%

20.4%

Regional (Pan-African) projects represent over one third of the portfolio:

Porfolio Distribution by Geography

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Projects in low income countries represent nearly 38% of the portfolio: However, this share understates the LIC share of operations, which would also be supported by regio-nal and multi-country operations.

MiddleIncome12.8 %

Regional49.3%

LowIncome37.9 %

Porfolio by National Income Classification

Building Capacity For Private Sector Development - FAPA 2014

This chapter presents a synopsis of the progress and key results arising from the 16 projects completed by December 2014.

The first subsection (5.1) presents imple-mentation progress and outputs of pro-jects categorized by the PSD strategy’s outcome framework.

The Second subsection (5.2) presents specific results in selected projects

related to the Bank’s overall goal of inclusive and gradual transition to green growth.

As of end of December 2014, the appro-ved FAPA portfolio comprised a total of 52 projects of which 16 had been completed and 36 are on-going. Annex 1 presents a tabulated overview of the entire portfolio and the status of each project.

5Results of Completed Projects

Since outcomes materialize over the long-term, the results presented below relate to project outputs, contributing to the achie-vement of expected outcomes. In view of the integrated and value chain approach

of the technical assistance, some results relate to more than one outcome under the PSD strategy. In this section, however, the results are pegged to the most relevant outcome.

5.1 Results – Private Sector Development

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Progress has been made towards achie-ving a number of operational priorities. Under deepening of the financial and ca-pital markets and improvement of finan-cial infrastructure, FAPA has supported six interventions in Democratic Republic of Congo (Advans Bank Congo), Tanzania (Access Bank Tanzania), Nigeria (Access Bank Nigeria), Liberia (Access Bank Li-beria), Zambia (Pulse Financial Services) and Senegal (Volo). The interventions have contributed to the countries efforts to dee-pen their financial markets and increase fi-nancial inclusion. Reported contribution to cumulative results include the opening of over 50,000 new bank accounts, the dis-bursement of over 20,000 new loans and credit bureau registration of over 7,400 MSMEs. These interventions integrated gender considerations. In the Democratic Republic of Congo and Liberia for exa-mple, women represented almost half of the new loan recipients. Notable impro-vements were achieved in staff-skills and operational systems of the financial institu-tions. Over 600 staff have been trained in various bank functions. Investments were made to strengthen information systems, improve audit capacities and adopt new

policies and procedures in credit risk and other bank operations.

FAPA has also supported interventions aimed at promoting innovation, entrepre-neurship, knowledge and skills, policy dialogue, and institutional and operational frameworks for public-private partnerships (PPPs). Under this category, support has been provided to 10 countries in creating awareness on franchising as a business and the support required for its develop-ment: 10 banks, 5 franchising associations and 50 companies benefited from capa-city building workshops. In addition 10 companies have been assisted to identify new markets to grow their franchise bu-sinesses.

FAPA has made significant contributions to infrastructure development through in-terventions in power (African Carbon Sup-port Program), housing (Shelter Afrique), telecommunications (EASSy) and clean water (Zaarat).

Three RMCs benefited from capacity buil-ding under the African Carbon Support

Program where Bank clients were assisted to access carbon finance to help the com-panies improve the commercial feasibi-lity of their investment projects. The new methodology developed by the program has opened opportunities for cross-border transmission projects worth up to US$ 590 million per year, with potential to link major hydropower projects on the continent. This

Outcome 1:

Outcome 2 :

An enabling business climate supporting investment and financial inclusion

Increased access to social and economic infrastructure

Analysis of Progress


is expected to enable cross-border elec-tricity transmission projects to potentially benefit from a new source of revenue from the sale of certified emission reductions. A total of 135 officials and 3 designated au-thorities were trained under the program.

In the telecommunications sector, FAPA has supported the East Africa Submarine Cable System project to develop an opti-cal fiber submarine cable network for the eastern seaboard, connecting with Kenya and Tanzania. The technical assistance project, implemented in parallel with a Bank-financed operation, contributed to the following: a reduction of capital and operational unit costs of global connecti-vity; an increase of government revenue by boosting growth in the telecommuni-cations sector; an increase in international bandwidth utilization in Kenya and Tanza-nia by 150% and 200% respectively in less than six months after the submarine cables came into use; and generation of new bu-siness opportunities through e-commerce and other internet uses for employment and investment opportunities.

In the housing sector, the overriding ob-jective of the FAPA TA to Shelter Afrique (SHAF), designed and implemented as a complementary intervention to a Bank fi-nanced operation, was to strengthen the

company’s capacity to promote the provi-sion of affordable and sustainable housing in its RMCs. Achievements include esta-blishment of a Pan-African Housing Fund (the first of its kind in Africa); provision of social housing loans through funds from lines of credit approved for SHAF by va-rious financial institutions, and introduction of Trade Finance as a new product to dee-pen SHAF’s business operations.

Lastly, FAPA supported Tunisia under the ZAARAT project. The TA included under-taking a feasibility study for a desalina-tion plant and providing advisory services on the development of a public/private concession agreement for the operation of the plant to serve the Gafsa/Gabes region. The TA has helped Tunisia generate ade-quate technical information to implement the public/private concession scheme with the location of the desalination plant identified and the cost of a cubic meter of desalinated water assessed. A bidding process was launched to select the pri-vate operator for the concession.

22 23


Interventions were made in several countries to support three priority areas, namely: ac-cess to finance and financial services; entre-preneurial and business operation skills; and access to technology. The results presented in this sub-section were achieved between 2011 and 2013 in Rwanda, Togo, Tanzania, South Africa, Nigeria and Zambia. Interven-tions included capacity building through training, exchange visits, and participation in regional and international trade fairs and exhibitions. Support was provided to va-rious stakeholders through the Rwanda Pri-vate Sector Federation, the Africa Business Round table, African Training and Mana-gement Services and several institutions in Zambia.

Over 2000 SMEs were trained to: improve their business operations; access finance, markets and technology; and improve ove-rall financial and business management. A

further 700 SMEs participated in regional and international trade fairs and exhibitions to identify new markets and technology. Ca-pacity building activities were undertaken for 76 business associations on corporate go-vernance and business support programs.

Outcome 3 :A diverse, dynamic, entrepreneurial, innovative, and broad-based enterprise sector, producing goods and services for domestic and foreign consumption


5.2 Results – Transition to green growth and contribution to inclusive growth

In line with the Bank’s Ten Year Strategy and the Private Sector Development Strategy, FAPA has supported interventions that promote private sector-led green growth investment. The fol-lowing are some examples:

1. Contribution to transition to green growth

This FAPA-supported TA program has contributed to the preparation of invest-ments expected to assist the countries in

gradually transitioning to green growth by accessing the Clean Development Mecha-nism (CDM) resources. The main objective

Background and Justification of the ACSP

was to mainstream the carbon finance mechanism in the Bank’s infrastructure ope-rations.

The Clean Development Mechanism (CDM) is a global market-based approach to climate change mitigation to create op-portunities for private investment in climate friendly infrastructure projects in Africa.

RMCs have not been able to realize the opportunities inherent in the global carbon

The main objective of this TA was to assist Bank clients in RMCs to access carbon finance expected to improve the commercial feasibility of their invest-ment projects. The TA focused on capa-city building for Host Country agencies where such carbon finance eligible pro-jects were developed.

The TA supported the development of

appropriate project preparation docu-mentation (methodologies) required for managing such projects within the ena-bling carbon finance mechanism.

Four projects at early stage of feasibility studies represent a number of “firsts” in Africa, and the program has played a key role in ensuring that they have been developed further under the CDM.

FAPA Additionality

Ethiopia to Kenya power interconnection project

First cross-border electricity transmission project for the CDM. This project will lead to an annual reduction of approximately 3.5 million tons of CO2 per year during the first year of operation, which will in-crease to over 7 million tons of CO2 per year after 4 years. If the project enters into production, it will be the largest CDM project in Africa in terms of emission re-ductions achieved.

Ethiopia to Kenya power interconnection project

finance market through the CDM.

Of the USD 2-3 billion per annum traded through the CDM, just 2 per cent of payments go to Africa.

This low level participation in carbon fi-

nance by countries in Africa is due to seve-ral reasons including the lack of awareness and capacity as well as the associated transactional costs to prepare or implement proposals that meet the CDM regime.

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Ithezi-Tezhi hydropower project in Zambia

First CDM project to make use of the SAPP (South African Power Pool) regional grid emission factor, and will result in greenhouse gas emission reductions of over 560,000 tons CO2 per year.

Ithezi-Tezhi hydropower project

Lagos Cable Propelled Transit Project

Lagos Cable Propelled Transit Project

First transport sector CDM project in Nige-ria. The project involves the construction of three Cable Propelled Transit (CPT) systems for mass transit in Lagos that will link Lagos Island and Lagos mainland as well as residen-tial and business areas of the city. The CPT will improve transport in Lagos by reducing traffic congestion, especially during rush hour, and will reduce emissions by an estimated 90,000 tons CO2 per year, once all three lines are built.

Windiga Solar PV Project

Windiga Solar PV Project

First CDM project in Burkina Faso. The ob-jective of the project is to build and ope-rate the first large-scale solar photovoltaic power plant in Burkina Faso. The 22 MW power plant will be connected to the natio-nal grid and become the largest solar power plant in sub-Saharan Africa. The energy expected to be delivered is about 33,000 MWh. The project is expected to contribute to reducing greenhouse gas emissions as it will produce electricity from a renewable source and thus displaces fossil fuel-based electricity generation. More specifically, it is expected to reduce emissions by approxi-mately 23,000 tons CO2 per year.

2. Contribution to inclusive growth

Background and description of Zambia SME

FAPA additionality

The AfDB seeks additional resources to develop a scaled up ACSP phase II targeting more countries and more projects particularly those selected by the Program for Infrastructure Development in Africa (PIDA).

Most Zambian financial institutions have fo-cused on lending to large enterprises mainly in the mining sector. This has contributed to a gap in delivering appropriate financing to SMEs and micro-enterprises and to the Zam-bian population in general.

Against this background, the Bank proposed an integrated support project aimed at stren-gthening SMEs’ access to finance by integra-ting both financial and non-financial support for deeper impact and sustainability.The project objective was to enhance capa-cities of two local banks, Business Develop-

ment Services (BDS) providers and SME associations through technical assistan-ce. This project is complementary to the Bank’s investment in support to SMEs in Zambia through lines of credit to two banks and a partial credit guarantee.

- Capacity Building of Participating Banks: TA support to participating banks was delivered across three principal components:

(i) SME credit assessment and set up of a cre-dit scoring tool; (ii) SME environmental risk and social impact assessment and monitoring and iii) ensuring that the institutions are gender sensitive in their internal processes and proce-dures, marketing and service delivery.

- Capacity Building of Local BDS Providers: SME materials and tools were availed to BDS providers, who were trained to train and counsel SMEs in financial management and other areas critical to ensuring their creditwor-thiness and growth.

- Capacity Building of SME Business As sociations: This component included capacity building for SME business associations and their members to lobby effectively for a more equitable bu-siness environment, in particular advocacy, improving access to business information and developing services to their SME members.

Zambia SME competitiveness

and access to finance

RESULTSAchievements were met at different le-vels. The project was evaluated a year after completion, the results captured are mostly outputs which will contribute to the achievement of the expected outcomes. Some of the outputs include the following:

SMES: 74 SMEs attended training on how to ex-pand their business. At the end of the pro-gram (2 years), 34 SMEs accessed finance (46%) and 51 SMEs received follow-up counseling support in management and in financial management skills.

26 27


BDS: A total of 20 BDS providers and finan-cial counselors and 8 business asso-ciations were trained to improve the services to their members. A 10% in-crease in membership was reported in 2012, 14 local bank staff were trained and three-way referral mechanism was created to link banks, BDS provi-ders and the SME promotion agency. The project has assisted in changing the perception of the banks and SMEs towards each other. The project has also helped SMEs to value the services of BDS providers as evidenced by their willingness to pay for the services.

BANKS: Banks revised their approach to sup-porting SMEs by creating special pro-ducts. For example, a new bank product was designed to help SMEs access cre-dit with reduced collateral. A Bank ope-ned a specific desk to help advice and coach SMEs. After the training of the loan officers, one of the partnering banks re-corded an increase in their loan portfolio of 200%. In addition, 10 local bank staff were trained in gender sensitive proce-dures and 19 local bank staff were trained in SME credit risk assessment. The credit scoring tool installed reduced by 50% the processing time for SME loan requests.

Better access to finance to develop hospitality business in Zambia

6

2015 Work ProgramThe 2015 work program will continue to sup-port the implementation of the PSD strategy. A special focus will be placed on countries in transition, notably Zimbabwe, Guinea, Liberia, Sierra Leone, Togo and South Su-dan. The projects are pilot interventions to inform the design of scalable programs.A training program is planned for task ma-nagers on the utilization of technical assis-tance as an inclusive growth enabler and on mainstreaming PSD in all operations.

The TA team will organize workshops and assist other departments in the design of in-clusive projects linked to Bank’s operations (private sector, infrastructure and budget support). Continued attention will be placed on Trust Fund administration and results reporting, with fine-tuning of FAPA pro-cesses and governance systems planned for 2015. Work has already started on the design and implementation of an IT-based portfolio monitoring and results platform.

6.1 2015 Work Program Summary

Project Identification and Preparation

PortfolioManagement

Communication

Capacity building

Portfolio and resultmonitoring platform

FAPA governance

TA identification and business development

Supervision/monitoring

Events

Capacity building of bank staff

Design and implementation of an IT-based portfolio and result monitoring platform

Enhanced FAPA governance and management system

Organize 3 launching and capacity building workshops for grant recipients on Bank’s procurement and disbursement rules

15-20 prospects brought into the pipeline

10-12 projects presented for approval

3 launching and capacity building workshops organized

Ongoing grants supervised

3 Grant Signings, launching

2 workshops on TA for PSD organized

IT-based portfolio and result monitoringplatform operational by end of 2015

Revised guidelines, TORs for TRC and OC, FAPA business plan

Activities Delivera-bles/indicators

Mr. Mufundi runs a family business in the hospitality sector. He started with a guest house of seven rooms in Kitwe in Zambia. By 2012, the business had four lodges in Livingstone, Kitwe, Lusaka and Chipata with a total number of 173 rooms and 151 employees of which 90 are women. Thanks to the combined support of the AfDB and FAPA, he se-cured a one year loan of USD 400,000.

Mrs. Rachida Mogra started the business of trading in building material. Before the

FAPA supports women entrepreneurs in Zambia

28 29

FAPA training in March 2012 on how to ex-pand a business, she had never received a bank loan. After the training, her staff in-creased from 10 to 17 of which seven are women. Thanks to the coaching of a BDS provider trained by the FAPA program, she now has accounting books, regularly pays her taxes and has secured a three year loan of USD 94,000 in local currency with a local bank participating in the FAPA ca-pacity building program. She continues to use the services of the BDS provider and pays for the service that she now values.


6.2 Project Pipeline as of end of December 2014FAPA projects enter the pipeline when a Preliminary Evaluation Note (PEN) is approved by the FAPA Technical Committee. At the end of December 2014, FAPA had 7 projects in the pipeline for a total amount of USD 5,518,000.

Country Project Description

African Innovation Fund

To finance a feasibility study to develop a Pan-African venture capital investment vehicle - the Africa Inno-vation Fund, to support innovative African technolo-gy-enabled ventures.

The specific objective of the TA project is to increase the overall competitiveness of the beef and leather value chain in pilot areas primarily through building stakeholders production capacities and enabling them access finance and markets.

To catalyze local private sector development in the mining supply chain through support to GoG to deli-ver a local content policy and develop a private sec-tor development roadmap

To advance financial inclusion and improve the ef-ficiency of the participating five Ethiopian MFIs in Ethiopia with the launch of a shared mobile money platform (M-Birr Mobile Money Service).

To support Afreximbank’s trade finance operations in line with its trade facilitation and regional integration mission in Africa.

To facilitate the operation of a private credit bureau in the eight countries of the West African Economic and Monetary Union.

To improve the supply and the quality of the Port of San Pedro services through a PPP for the concession of a new container terminal.

Support to the beef and leather value chain

Simandou

M ‘Birr

Afreximbank

Volocreditinfo

San Pedro Port

Regional

Zimbabwe

Guinea

Ethiopia

Regional

Regional

Ivory Coast

FAPA’s achievements in 2014, as evi-denced by a growing portfolio, provides a favorable platform for the Bank’s moving forward in continued support of inclusive growth in RMCs. A key theme for FAPA in 2015 will be to consolidate the Bank’s ope-

rational experience and systems in tech-nical assistance, mobilizing, deploying and administering FAPA resources so as to play an increased role in supporting the implementation of the Bank’s PSD strategy. Specific focus areas include:

7Conclusion and way forward

5. Donors’ visibility – FAPA donors’ visibi-lity is important and needs to be designed and implemented more strategically to ele-vate the image of FAPA.

1. Countries in transition (as defined by the Bank’s Transition Support Department) and vulnerable populations.

2. Strengthening the Bank’s dedicated TA expertise base notably in terms of SME development and PPP, given the growing demand for private sector inclusive projects and the need for private sector led growth.

3. Increased stakeholder dialogue and a more hands on approach during project de-sign and implementation. This will ensure an increase in the quality of FAPA portfolio.

4. Portfolio monitoring and management – IT based portfolio monitoring and mana-gement will be put in place to identify key achievements and lessons learned from TA projects implemented as part of a results-re-porting practice

30



ANNEX

Project Portfolio at end 2014

Multinational

Multinational

Regional

Cameroon

Regional

Regional Franchising

Gambia River Basin Development (OMVG)

East Africa Subma-rine Cable Sys-tem (EASSy)

Growth-Oriented Women En-trepreneurs (GOWE)

Shelter Afrique (SHAF)

22-Jun2006

22-Jun2006

31-May 2007

27-Dec 2007

27-Dec 2007

975,000

800,000

275,000

530,000

950,000

60%

100%

52%

100%

90%

Completed

Completed

Completed

Completed

Ongoing

To contribute to the stimulation of econo-mic growth and job creation in the SME sector through the advancement of fran-chising in Africa

To finance the services of an Advisory Mission to propose to the Au-thorities of the Gambia River Basin Develop-ment Organization (OMVG) a public-pri-vate partnership (PPP) option to optimize the implementation of three power projects. Co-financed with NE-PAD IPPF

To structure the Special Purpose Vehicle (SPV) of the EASSy project for development of an optical fiber subma-rine cable network for the eastern seaboard. Co-financed with NE-PAD IPPF

To provide integrated support for women’s enterprises develop-ment in Cameroon

To improve access to hous-ing, develop me-dium-sized housing de-velopment com-panies, promote economic and social development and create employ-ment in benefi-ciary countries

Country Project Name

Approval Date

Amount (USD) Status

Disburse-ment %

Short Objective/ Description

33

Regional

DRC

Regional

Regional

Liberia

Tanzania

Rosso Bridge

Advans Congo

West African Development Bank (BOAD)

PTA Bank

Access BankLiberia (ABL)

CRDB

04-Feb2008

04-Feb2008

04-Feb2008

24-Mar 2008

05-Nov 2008

05-Aug2008

1,000,000

940,000

953,000

1,000,000

1,000,000

975,3002JA.210 000785 000

50%

98%

26%

41%

100%

23%

Cancelled

Completed

Ongoing

Ongoing

Cancelled

Completed

To finance the feasibi-lity study for a bridge over the Senegal River between Mauri-tania and Senegal to facilitate regional inte-gration and internatio-nal trade. Co-financed with NEPAD IPPF

To build the capacity of Advans Congo Bank, a newly established micro-finance institution specializ-ing in provi-ding commercial retail banking services to the urban-based MSME market of the Democra-tic Republic of Congo

To prepare the Ac-counting Procedures Manual and assist with software selec-tion, acquisition, im-plementation, migra-tion and staff training

To implement the new risk management framework and fur-ther enhance the PTA Bank’s capacity and growth

To build the capacity of Liberia Access Bank, a newly established mi-cro-finance institution specializing in provi-ding financial services to micro and small enterprises in Liberia

Capacity building of CRDB Bank and SME clientele to enhance implementation of joint AfDB-USAID SME Guarantee Facility

Rwanda

Regional

Zambia

Regional

Egypt

Private Sector Federa-tion (PSF)

Africa Business Roundtable (ABR)

Zanaco

Central Africa IT Backbone

Franchi-sing Sector Support Program

27-Aug 2008

10-Nov 2008

10-Nov 2008

08-Dec 2008

13-Apr2009

1,000,000

500,000

980,824

501,760

950,000

100%

100%

92%

0%

100%

Completed

Completed

Completed

Completed

To be cancelled

To enhance RPSF exe-cution capacity and go-vernance and support business information, MSME competitiveness, special entrepre-neurship programs for women and youth, and public-private sector dialogue

To assist the ABR, as a second tier (‘association of associations’) private sector representative organization for Africa, to perform a number of core functions that will contribute to strengthe-ning the private sector in Africa

Strengthening of Bu-siness Development Services (BDS) provi-ders and SME associa-tions, in collaboration with AMSCO through International Labor Organi-zation (ILO) and Internation-al Trade Center (ITC)

To establish a PPP operation for the im-plementation, opera-tion and maintenance of the CAB project. Co financed with NEPAD IPPF

To provide technical assistance to the Egyptian Social Fund for Development (SFD) and to various stakeholders in the Franchising Program


Approval Date

Amount (USD) Status

Disburse-ment %



Approval Date

Amount (USD) Status

Disburse-ment %


34 35

Regional

Tunisia

Tanzania

Nigeria

Regional

Mauritania

African Training and Manage-ment Ser-vices Pro-ject (ATMS/AMSCO)

Zaarat De-salinization Study

Access Bank Tanzania (ABT)

AB Nigeria Micro-finance Bank (ABN)

African Trade Insurance (ATI)

Mauritania Mining (SNIM)

29-May 2009

05-Aug 2009

05-Aug 2009

01-Sep2009

22-Oct2009

22-Oct2009

1,000,000

962,638

660,000

1,000,000

1,000,000

1,000,000

100%

100%

100%

100%

39%

44%

Completed

Completed

Completed

Ongoing

Ongoing

Ongoing

To fund phase IV of the ATMS/AMSCO project to enhance mana-gement training and capacity building for African MSMEs through provision of expe-rienced managers on a commercial basis to African companies

To perform a feasibility study and create a concession agreement for the operation of a seawater desalinization plant to serve the Gaf-sa/Gabes region

To provide manage-ment and software trai-ning/implementation for an already established Access/LFS model MFI in Tanzania

To establish a Green-field MFI in Nigeria based on the Access/LFS business model

To assist the African Trade Agency to stren-gthen its corporate government, to imple-ment an appropriate underwriting system, to strengthen the infor-mation communication system and to attract private equity

To assist SNIM in strengthening its institutional capacity in the implementation of its environmental Management system and its Strategic Envi-ronmental and Social Management Plan

Regional

Regional

Egypt

Regional

African Carbon Support Program (ACSP)

Central African De-velopment Bank

Rural Income & Economic Enhance-ment Pro-ject (RIEEP)

African Domestic Bond Fund (ADBF)

27-Nov 2009

05-Feb 2010

05-Feb2010

05-Feb2010

910,000

1,000,000

1,000,000

985,000

95%

60%

50%

73%

Completed

Ongoing

Ongoing

Ongoing

To create a carbon trading and CDM preparation team of ex-perts within the Bank’s private sector project origination for the benefit of the Bank’s clients to take advan-tage of carbon trading. Bank executed

To make BDEAC a reliable partner in strengthening the re-gional financial market, promoting long-term financing of infrastruc-ture projects, and advancing regional integration objectives

To enhance value chain development for two select commodities (horticulture and dairy); increase capacity of participating finan-cial institutions (PFIs) to provide long-term credit for agribusiness investments in a sus-tainable manner; and develop policy briefs with a view to influen-cing the development of a coherent national private sector-led agri-business development policy

To create a bond fund that will invest in local currency deno-minated sovereign bonds, including sovereign guaranteed bonds of state owned enterprises in African countries


Approval Date

Amount (USD) Status

Disburse-ment %



Approval Date

Amount (USD) Status

Disburse-ment %


36 37

Completed

Completed

Ongoing

Ongoing

Cote d’Ivoire

Multinational

Mozambique

Regional

Rwanda

Rwanda

Microcred Ivory Coast (MIC)

Investment Fund for Health in Africa (IFHA)

Extractive Industries Transparen-cy Initiative

Equity and Guarantee Fund for Agribu-siness in Africa

Rwandan Develop-ment Bank

Banque de Kigali

16-Apr2010

01-Jul2010

01-Jul2010

11-Jan2011

11-Jan2011

11-Jan2011

1,000,000

723,000

350,000

800,000

730,800

547,200

47%

53%

100%

87%

17%

12%

Ongoing

Ongoing

To assist a Microcred (MFI operator) to create a Greenfield MFI in Cote d’Ivoire

To help portfolio com-panies improve their compliance to envi-ronmental safeguards and social outreach and to undertake stu-dies on behalf of IFHA to monitor and eva-luate its development impact and outreach

To enhance transpa-rency in extractive in-dustry in Mozambique through communica-tions programs, trai-ning and monitoring studies

To support the crea-tion of a Pan-African fund of funds for investment and capa-city building in agribu-siness

To strengthen in RDB’s operations and systems as recommended in the recently concluded ADB PCR and the Na-tional Bank of Rwanda (BNR)

To strengthen in Banque de Kigali’s operations and systems to increase efficiency and the Banks capacity to manage increasing loan portfolio in terms of value, diversity and complexity

Ongoing

Ongoing

Ongoing

Ongoing

Ongoing

Regional

Tanzania

Uganda

Multinational

Regional

Environ-mental & social ma-nagement training for FIs

EFC Tanzania

EFC Uganda

Inclusive Industries Program

ECOWAS Bank for Investment and Deve-lopment

08-Aug 2011

05-Jun2012

05-Jun 2012

21-Aug 2012

26-Feb 2013

700,800

935,526

935,464

1,000,000

950,400

56%

0%

0%

25%

9%

To assist the African Financial Sector (FI/MFIs) to better ma-nage E&S risks there-by contributing to the sustainable develop-ment of the African region

To support the capa-city development and institutional strengthe-ning of a green-field national microfinance institution in Tanzania.

To support the capa-city development and institutional strengthe-ning of a green-field national microfinance institution in Uganda

To contribute to the es-tablishment of an Inclu-sive Industries Program (IIP) that will provide a framework for systema-tic, integrated, country and industry-differen-tiated approach to strengthening Micro and Small Medium Enter-prises (MSMEs) and op-timize their participation in the value chains of selected Bank financed projects. Bank executed

To strengthen the strategic direction, hu-man capacity and re-sources of the institu-tion to enable EBID to deliver on its develop-ment mandate more ef-fectively and efficient-ly, especially through its private sector win-dow, thereby contri-buting to economic growth in the region


Approval Date

Amount (USD) Status

Disburse-ment %



Approval Date

Amount (USD) Status

Disburse-ment %


38 39


Approval Date

Amount (USD) Status

Disburse-ment %


Ongoing

Ongoing

Ongoing

Completed

Regional

Regional

Senegal

Tunisia

Credit Ana-lysis and Research Africa

East African Develop-ment Bank

VoLo Afri-ca Trust Information and Credit Bureau Pilot

BFPME: Boosting Pri-vate Sector Develop-ment through Small and Medium Enterprise Creation and Expansion

01-May 2013

01-May 2013

05-Aug 2013

05-Aug 2013

250,000

915,000

284,472

950,000

0%

9%

95%

0%

To facilitate the es-tablishment of SME credit rating agen-cies in five African countries under the sponsorship, majority ownership and mana-gement of Credit Ana-lysis and Research Ltd, India (CARE)

To strengthen EADB’s capacity to enable it deliver its develop-ment mandate more effectively and effi-ciently

To facilitate financial inclusion and improve the efficiency of SME financing in Senegal and Gambia through the piloting of an innovative technolo-gy-based solution for collecting, storing and disseminating credit (trust) information on Micro, Small and Medium-sized Enter-prises (MSMEs) to prospective creditors

To stimulate the crea-tion and growth of Small and Medium En-terprises (SMEs) and hence the momentum for developing and creating employment opportunities for more inclusive growth and prosperities in all regions of Tunisia

Ongoing

Ongoing

Ongoing

Ongoing

Ongoing

Regional

Rwanda

Regional

Regional

Regional

TA Support to SME focused FIs benefiting from the Africa SME Program

Skills deve-lopment in the energy sector

Identifica-tion of Bank Interventions for PPP Port Projects

Africlear

Support to African Seed Companies

22-Jul 2013

30-Sep 2013

19-Dec 2013

12-May 2014

26-Aug 2014

3,978,367

800,000

491,150

400,000

1,000,000

0%

15%

50%

0%

0%

To provide Technical Assistance (TA) and capacity building to up to 20 smaller SME focused financial insti-tutions (FIs), operating in Regional Member Countries (RMCs) in all of the 5 regions of Africa, in particular Low Income Countries and Fragile States

To increase the com-petitiveness and productivity of public and private compa-nies operating in the energy sector through the provision of em-ployable and skilled human capital

To contribute to in-creased investment for port development un-der PPP scheme and result in duly increased capacity and efficiency of ports which will be required for economic growth of Africa. Bank executed

A seed capital invest-ment will facilitate the set-up of Africlear, which will provide an efficient, collective platform for technolo-gy purchases by Afri-can Central Securities Depositories

To provide Business Development Services for at least 54 seed companies supported by the Program for Africa’s Seed Systems (PASS). PASS is a pro-gram of the Alliance for a Green Revolution in Africa (AGRA)


Approval Date

Amount (USD) Status

Disburse-ment %


40 41


Ongoing

Ongoing

Ongoing

Ongoing

Ghana

Seychelles

Regional

Mozambique

Cote d’Ivoire

Ghana SMEs Business Linkage Pro-gram

Seychelles MSME De-velopment Project

Microfinance Training Course for Policy and Development

Building Climate Resilience in the Limpopo Basin Project

Support for Entrepre-neurship Development

26-Aug 2014

26-Aug 2014

17-Nov 2014

17-Nov 2014

16-Dec 2014

1,000,000

1,000,000

250,000

941,274

947,625

0%

0%

0%

0%

The TA project will maximize the amount of inputs procured by large companies ope-rating in Ghana from Ghanaian Small and Medium Enterprises (SMEs)

To enhance growth of Seychelles micro, small and medium enterprises (MSMEs), in order to promote inclusive growth by addressing (a) access to finance and (b) entrepreneurial skills

To contribute to improving regulato-ry frameworks and management of the microfinance industry in the COMESA region through training of key policy-makers and stakeholders

To foster private investment in water infrastructures and promote SME deve-lopment in the agri-cultural value chains in the lower Limpopo river basin

To promote private sector development; create a better cli-mate for investments and inclusive growth; and ultimately reduce unemployment, and social and regional disparities


Approval Date

Amount (USD) Status

Disburse-ment %


42

100% Ongoing

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